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I can believe that Verisign might have some route to terminate service (even in cases where there is some contractual obligation to provide a service for a given period of time, someone can typically break the contract, just having to pay some sort of penalty for doing so), but I also suspect that they are legally required to issue you some sort of refund.
You generally cannot just sell someone a service and then refuse to provide it; that’ll violate consumer protection laws.
That probably won’t make the author happy—he probably wants the domain, not the money. But at the minimum, I will say that he probably doesn’t have to pay for service that he doesn’t get.
It might be that they are doing that; he doesn’t specify.
Yeah, personally I’d rather have some kind of key-based mechanism, at least as an alternative to the X.509-based system. Think of what PGP or SSH do. Like, the key is your identifier, not the endorsement of some centralized registrar.
Hyphanet does something like this, can do key-based addresses.
That has some drawbacks too—I mean, you are the ultimate authority here, and thus responsible for keeping that key safe, and that’s a big responsibility. If you think of all the attacks on cryptocoin wallets and stuff, I think that personal computers are not incredibly-well-suited for that—if we’re going to do that, we probably want something more like hardware-based keystores, like YubiKeys or similar, where a key cannot be exfiltrated if a PC is compromised, as PCs have a big attack surface. And it’s harder for humans to remember a key as an identifier, which means that they probably have to have a computer somewhere store a list of known and trusted keys (though doing so solves a lot of existing attacks, like phishing emails with look-alike URLs that attack the limited human ability to remember names, so there are pros and cons). And it avoids the risk that someone with access to a certificate authority’s key can compromise your security.